[MARKET UPDATE] EUR/CHF lifts to a session high during the presser as SNB Chairman Schlegel emphasises the willingness to intervene language from the statement/introductory text

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[MARKET UPDATE] EUR/CHF lifts to a session high during the presser as SNB Chairman Schlegel emphasises the willingness to intervene language from the statement/introductory text

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Context

The EUR/CHF's rise during the SNB Chairman Schlegel's presser indicates market optimism about potential intervention from the Swiss National Bank. His emphasis on a willingness to act suggests the SNB is prepared to stabilize the CHF if necessary, which could influence investor sentiment and currency flows in the near term.

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